Tungsten and Molybdenum Latest Price - August 3, 2016

International News: The effect of Brexit on euro zone economy has weakened and June PPI annual rate may improve. In the second quarter US consumer spending annualized quarter rate initial value was good and June personal consumption expenditures may continue to improve. The speech of Dallas Fed President Kaplan and the ECB management committee and Irish Central Bank Lien indicated that in September has great possibility to raise interest rates. Germany and Europe July manufacturing PMI is stable to recover and the Bank of England may implement easing policy recently.

China News: China July manufacturing PMI tungsten carbide suppliers unexpectedly increased and the stock of base metals and crude also increased. Crude oil after significantly increased turns to decrease recently, which also affects base metal price. Shanghai stock market continue to weak. Affected by land policy, first and second tier land market hot may fall.

Industry News: The stock of base metal continues to decrease and the market is unstable. OPEC crude oil production increased affected US oil decrease range became large; Global mining is recovering and M & A activity gradually become brisk up.

Molybdenum market: China domestic molybdenum market is recovering and has lots of inquiries. Molybdenum concentrate temporarily maintain the original offer and ferro molybdenum price has slight increased. The whole molybdenum market is stable.

The price of molybdenum main products:

Tungsten market: Tungsten miners are reluctant to sell affected ore price slight fluctuation. Affected by environmental inspection, the majority of APT manufacturers stop production, APT prices soaring, but the demand of alloy manufacturers is less, so tungsten scrap price increases slightly.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum August 3, 2016 latest price is provided by Chinatungsten Online based on comprehensive analysis cemented carbide blade data. What we supply is above market price and only for reference. If there is any detail requirement, kindly please contact Chinatungsten for further action.